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Shree Mahavir Metalcraft’s sales are expected to reach $165 million in 2017.
August 3, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
ASSA ABLOY has acquired SMI (Shree Mahavir Metalcraft), a leading OEM manufacturer of architectural hardware in India. “I am very pleased to welcome SMI into the ASSA ABLOY Group. The acquisition of SMI delivers on our strategy to grow our presence in emerging markets,” said Johan Molin, president and CEO of ASSA ABLOY. “SMI is an attractive addition to the Asia Pacific division and reinforces our position in the India market. The acquisition offers the potential to develop market specif...
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